January 31, 2006
PR No. 63/2006

Certificate of registration of M/s. NVS Brokerage Pvt. Ltd., 

suspended for 15 days

Shri Madhukar, Whole Time Member, SEBI, has passed an order against M/s. NVS Brokerage Pvt. Ltd. (NBPL), Member of Bombay Stock Exchange (BSE) under Regulation 13(4) of SEBI (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002 suspending certificate of registration of NBPL for a period of 15 (fifteen) days.
In the matter of Vision Technology India Ltd., SEBI appointed an Enquiry Officer to enquire into the alleged violations of SEBI (Stock Broker) Regulations 1992, SEBI (FUTP) Regulations 1995 by NBPL. Enquiry officer submitted his report and observed that NBPL has violated the code of conduct as laid down under Schedule II read with regulation 7 of Broker Regulations. Consequently, SEBI passed the order after considering the submissions made by NBPL.
The order has been passed on January 25, 2006. The order shall come into force after the expiry of three weeks from the date of the order.

January 31, 2006


For full copy of order against NVS BROKERAGE PVT.LTD., click here.